Phi-Deltalytics

Phi-Deltalytics Updated 

Our view remains bullish with key zones of interest at 10k and 12k. Fundamentals still indicate a bullish trend, and below are some key changes since the last update: - (Slight bearish) On-chain volume level did decrease to the level which started this bull run. If the on-chain volume doesn’t recovery soon, caution is needed. - (Bullish) We’ve seen bullish...

Phi-Deltalytics Updated 

By demand, this is a modified version of a prior idea. Despite the recent BTC drop, we are still at a very similar price pattern compared to the historical BTC disbelief phases. This phase occurred after 80-90% price drops (mid 2013 and 2014-2015) and initiated the 11x and 84x extreme bull runs in the past few years. The market cycles are underpinned by human...

Phi-Deltalytics Updated 

Elliot waves are a great way to keep the big picture in mind. Above are three counts that we find most possible. We are still leaning toward the bullish counts. However, if we close below 8.8k and fundamentals give similar bearish trending signs, we would switch to the bearish count on the right. Are you bullish or bearish? Do you agree or disagree? Share your...

Phi-Deltalytics Updated 

First of all, please support our work by smashing that like button or following! These really help us to reach more traders like you! Summary: We think BTC will likely fluctuate within the 9k – 10.5k range this coming week. The fundamentals are looking more bullish compared to last week. From the technical analysis perspective, we believe we are at key...

Phi-Deltalytics Updated 

What would happen if COVID-19 Hits again? If COVID-19 has another outbreak, we think we’ll go through the similar three phases the market went through since mid-February. Phase 1: Denial Phase 2: Fear & Market over-reaction Phase 3: Recovery However, we do believe the market impact would be smaller this time around. Some countries are still experiencing a...

Phi-Deltalytics Updated 

Short Answer: - For significant SPX drops: BTC will likely follow - For smaller SPX corrections: BTC might not Long Answer: There are currently two types of BTC holders – the believers and the speculators: - Believers (50%+ of market*): believe in BTC’s long-term potentials and most are not affected by market actions. - Speculators (50%- of market*): Affected...

Phi-Deltalytics Updated 

With fundamentals still looking solid, we think it’s a good opportunity to enter a short-term trade or simply accumulate a portion into the long-term portfolio. Technicals: 1. RSI key support & hidden bullish divergence 2. Bottom of channel 3. We’ve broken and dropped back to key resistance1 since a year ago 4. Tight stop loss -> good risk reward...

Phi-Deltalytics Updated 

Hi, everyone. We are back! Sorry for the long absence. We’ve spent the past few months developing some awesome on-chain indicators, which will be released soon. :) For BTC, we are currently at a crucial state, with many attempts at the 10k mark. All fundamentals considered, we do believe it is only a matter of time for the break to the upside. However, looking at...

Phi-Deltalytics

Even though we do believe BTC has already bottomed out and the 3k marked the starting point of the current BTC bull cycle, we do want to point out the overly long sentiment in the market right now and the increasing risk of a long squeeze. With the Plus Token scam still having an estimated 50k – 70k BTC needing to distribute to the market, we are still facing...

Phi-Deltalytics Updated 

Takeaway for Investors: Dollar cost averaging during the coming weeks has great risk-reward setups. Takeaway for Traders: The true bottom is closing up, and once we turn to the bull side, price will move quickly. Be ready when that break-out happens and execute with determination. (Eg. without proper mental preparation/discipline, it would be tough to catch...

Phi-Deltalytics Updated 

Bitcoin is finally finding support from the transaction volume (a.k.a. BTC’s “corporate earning”) perspective. This is great news for long-term investors. What’s BTC transaction volume? It is the volume of transactions recorded on the BTC blockchain. This measures BTC’s payment utility value, store of value, and part of the speculative value when new users come...

Phi-Deltalytics

We all know discipline is important for trading, but how important? So far, I’ve not yet met one profitable trader who lacks discipline. In fact, with proper discipline, a 30% win rate is enough to be successful in any market!

Phi-Deltalytics

This pattern, if hold until the daily close, could finish the b wave below to the 7.6k - 8k zone.

Phi-Deltalytics

Three potential setups: 1. Short-term shorting: - Around 8k zone (horizontal & 55EMA resistance) if reached - Confirmations: RSI & MACD bearish divergences at smaller time frames; RSI hidden bearish divergence at the daily time frame (price lower high; RSI higher high) 2. Trade inside the channel (Trade 1): - 6.2k zone (support developed in late 2018) -...

Phi-Deltalytics

What Key Support? We are again at the 0.618 - 0.65 FIB retracement zone, which is the MOST important FIB zone for BTC. Whether this zone holds is crucial to where BTC could reach in 2020. When to enter? 1. Timing: Now - Christmas Historically, we often see better market performance in December compared to the other eleven months. Why? - It's time for big...

Phi-Deltalytics Updated 

So, there’s a potential BTC upward correction with good risk reward ratio. However, as we all know, the market could always surprise us. What if we continue to drop to 4k? What could increase our chances of a winning trade? Here are the four common but key confirmations we love for entering major positions at the targeted zones. - RSI goes to overbought/oversold...

Phi-Deltalytics Updated 

The 55EMA and 200EMA have been serving as key support and resistance levels for the BTC 2Day Chart. From 2013, the 55EMA has been significantly broken twice, once in 2013 and once in 2017. During those two times, the price both bounced up significantly once the 200EMA got hit. With the 200EMA being a key support for now, laddering in around the 7.7k - 8k zone is...

Phi-Deltalytics Updated 

With EOS dropping 40% in the past few days, it became the most volatile large-cap alt coin. Thus, an ideal candidate for playing the retracement. On the daily chart, the price is close to long term support with RSI bullish divergence forming. For shorter term plays, we are waiting for the 1HR RSI bullish divergence to finish forming, which should happen if price...